Visa/mastercard/maestro of banking ??
July 23, 2011 12:38pm CST
what are the differences between these three banking debit & credit cards? I can't get their difference in services, all are like same.
• United States
23 Jul 11
Debit card uses your checking account balance for purchases, while credit card uses bank extend credit line or high interest loan for your purchases. If your checking account is out of money, then your D/C will not go through, but your C/C will but with interest payment at the end of the month. They are quite similar in term of user features, usually D/C can be used for cash withdrawal and purchases while C/C is good for purchases only.